UPS Boosts Profit Outlook After Streamlining Deliveries

WHO:

CNBC - UPS CEO Carol Tomé stated that the company is focused on enhancing automation and tapping into growing markets, including healthcare logistics.

WHAT:

CNBC - UPS CEO Carol Tomé stated that healthcare generated more than $3 billion in revenue for the second consecutive quarter.

CNBC - UPS expects domestic average daily volume to fall in the mid-single digits in the third quarter due to a seasonal decline and the impact of the glide-down strategy with Amazon.

Bloomberg Markets - Tomé mentioned that UPS is seeing momentum on the China to U.S. lane, which returned to year-over-year growth beginning in May.

Bloomberg Markets - Tomé stated that UPS is upgrading its digital platforms and infrastructure as part of its restructuring priorities.

CNBC - UPS reported adjusted earnings per share of $1.76 for the second quarter, exceeding the expected $1.66.

CNBC - UPS reported revenue of $22.8 billion for the second quarter, surpassing the expected $21.81 billion.

Bloomberg Markets - UPS CEO Carol Tomé stated that the glide-down with Amazon "is behind us," indicating a completed strategy to reduce low-margin deliveries.

CNBC - UPS reported second-quarter earnings of $604 million, or 71 cents per share, down from $1.28 billion, or $1.51 per share, in the previous year.

CNBC - UPS raised its full-year 2026 guidance, now expecting consolidated revenue of $91.2 billion and adjusted diluted EPS of roughly $7.22 per share.

GeekWire - UPS completed an 18-month strategy to cut back low-margin e-commerce shipments for Amazon, eliminating roughly 2 million pieces per day of "lower quality Amazon volume."

CNBC - UPS achieved approximately $1.2 billion of program benefits from its network reconfiguration program, expecting to reach $3 billion by the end of the year.

CNBC - UPS reported a 6% increase in domestic revenue and a 12.5% increase in international revenue for the second quarter.

WHERE:

CNBC - UPS is focusing on enhancing its operations in the healthcare logistics market.

WHEN:

CNBC - UPS expects domestic third-quarter revenue to be flat year-over-year.

CNBC - UPS reported second-quarter results for the quarter ended June 30.

WHY:

CNBC - Tomé mentioned that UPS has removed roughly $4.5 billion of related expenses from the glide-down strategy.

CNBC - The company is in the midst of a turnaround strategy aimed at positioning for long-term and sustainable growth.

CNBC - The glide-down strategy was initiated to eliminate low-margin deliveries and improve profitability.

HOW:

CNBC - Tomé described the company's network as "leaner, more automated, more agile," which is expected to deliver operating leverage as volume grows.

CNBC - UPS is investing in RFID and artificial intelligence to enhance tracking capabilities.

CNBC - The company is moving the right packages and the right mix of volume through its network as part of its operational strategy.

(UPDATED July 29, 2026 00:16 UTC)

UPS CEO Carol Tomé announced that the healthcare sector has generated over $3 billion in revenue for the second consecutive quarter. She also indicated that the company expects domestic average daily volume to decline in the mid-single digits during the third quarter, influenced by a seasonal drop and the glide-down strategy with Amazon. Additionally, Tomé highlighted that UPS is experiencing growth in the China to U.S. shipping lane since May and is upgrading its digital platforms and infrastructure as part of its restructuring efforts.

(UPDATED July 28, 2026 23:20 UTC)

UPS has reported adjusted earnings per share of $1.76 for the second quarter, surpassing expectations of $1.66, along with revenue of $22.8 billion, which exceeded the anticipated $21.81 billion. CEO Carol Tomé announced that the glide-down strategy with Amazon is now complete, having removed approximately $4.5 billion in related expenses. She emphasized that UPS's network is now "leaner, more automated, more agile," positioning the company to achieve better operating leverage as volume increases.

(UPDATED July 28, 2026 18:27 UTC)

UPS CEO Carol Tomé announced that the company is enhancing automation and focusing on expanding into growing markets like healthcare logistics. In its recent earnings report, UPS revealed second-quarter earnings of $604 million, a decline from $1.28 billion last year, but raised its full-year 2026 guidance to expect consolidated revenue of $91.2 billion and adjusted diluted EPS of roughly $7.22 per share. As part of its turnaround strategy, UPS has completed an 18-month initiative to cut back on low-margin e-commerce shipments for Amazon, resulting in the elimination of about 2 million pieces per day of lower quality volume.